Key trends in this Data Insight include: Overall, renewable technologies in 2011 were at least 30% more expensive than wholesale power prices and continue to depend on government support. Despite the challenging economic environment, the cost of wind and solar technologies continued to decline thanks to rationalization of the supply chain and lower commodities prices. Looking ahead, reduced reserve margins, increasing carbon pricing pressure, and high commodities prices will maintain high wholesale power prices, positioning onshore wind to be cost-competitive with market prices.
Key trends in this Data Insight include: